Israel To Supply Egypt With Natural Gas For Up To 15 Years

Israel’s Leviathan offshore natural gas field is expected to supply the Egyptian company Dolphinus Holdings with up to 4 billion cubic meters (141 million cubic feet) of gas per year for 10 to 15 years, according to a preliminary deal announced last week.

“We’ve worked with Dolphinus before and we expect to reach a final agreement quickly,” Yossi Abu, chief executive of the Israeli company Delek Drilling, told Reuters.

“The Egyptian market is thirsty for gas, both for domestic use and for their export facilities. There is a lot of room for cooperation there,” Abu said.

The Leviathan gas field is expected to begin gas production in 2019 or 2020. Texas-based Noble Energy and Israel’s Delek Group are jointly operating Leviathan as well as the Jewish state’s other offshore gas field, Tamar.

JNS.ORG

{Matzav.com Israel}